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Monday, December 11th, 2017

11/12/2017 - Economistjob: Behavioural Economics: Nudging its way in consumer policy
posted by Europe Economics

 This year’s surprise winner of the Nobel Prize in Economic Sciences is Richard Thaler, a prominent behavioural economists. The surprise factor does not come from a lack of prolific and ingenious academic life, rather from the nature of the field of research that Prof Thaler revolutionised. Not many behavioural economists have won the highest honour in the discipline, despite it having gained an established place not only within academia, but also within government departments around the world. After all, behavioural theories challenge some of the credos of mainstream economics, such as consumers granted with perfect information and possessing perfect rationality. Behavioural economists seek to uncover consistent cognitive and behavioural biases in human and to incorporate those into more realistic representations of the world.

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05:24 PM | Permalink

Monday, November 27th, 2017

16/11/2017 - Economistjobs: Regional Economic Performance for a selected sample of EU countries.
posted by Dr Stefano Ficco

 1.1      Introduction
GDP per capita is a commonly used measure of the affluence of a country. However, it is a coarse-grained aggregate measure (it is simply the value of goods and services produced within a country divided by the population of that country) which does not provide information on how income is distributed across the different regions of a country.  By considering, instead, regional GDP per capita we can obtain a more fine-grained picture of the geographic distribution of income within countries.  For example, we can gain insights into:
 
The proportion of a country’s population that lives in regions with a GDP per capital level higher or lower than a given threshold.
The degree of geographic inequality within a country.
Much popular discussion of inequality focuses upon differences in income across a country as a whole. Such discussions run the risk of conflating differences between high-income and low income groups within a region with differences in the incomes of regions as whole (whereby both richer and poorer citizens within one region might have materially lower incomes than those in other regions).
 
At the other end of the spectrum, when regional analysis is conducted, it is often done at a fairly crude level of considering only the incomes of richer and poorer regions but without considering what proportion of the total population lives in those regions.
 
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05:01 PM | Permalink

31/10/2017 - EconomistJobs blog:Trade in value added: how Global Value Chains affect competitiveness
posted by Simona Castellini

 1.1  Measuring external competitiveness
The issue of external competitiveness has always been an important topic in the economic and political discourse of the European Union.[1] In this respect, in 2010 the European Commission launched the Europe 2020 strategy aiming at transforming the EU into “a smart, sustainable and inclusive economy, delivering high levels of employment, productivity and social cohesion.” Similar to the Lisbon Strategy which ended in 2010, the Europe 2020 strategy is driven by international competitiveness concerns and the promotion of productivity, growth and sustainability.
 
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04:41 PM | Permalink

29/09/2017 - EconomistJobs blog: The future of Initial Coin Offerings
posted by Sida Yin

 Initial Coin Offerings (ICOs) have recently received a lot of attention due to the ban imposed by Chinese regulators. China is not the only country that is concerned about ICOs. On 12th September, the UK’s Financial Conduct Authority (FCA) issued a warning to consumers about the risks of ICOs.[1] Regulators from the USA, Canada, Japan, Hong Kong and Singapore have also alerted “investors” about the risks associated with ICOs, albeit not implementing bans.[2] In this article, we discuss the questions regulators need to consider in regulating ICOs. We begin by describing what an ICO is.

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04:35 PM | Permalink

21/08/2017 - EconomistJobs blog: Does it still pay to be green on Britain’s roads?
posted by Sam Winward

 What’s changed?

On April 1st 2017, the UK government introduced changes to Vehicle Excise Duty (VED).
 
VED has undergone several evolutions in recent years. In 2001, VED was reformed to reflect CO2 emissions rates per kilometre, with 13 bands of increasing CO2 emissions incurring increasing VED costs. The scheme was further reformed in 2013, to introduce separate first year rates which further penalised purchasers of high CO2 emitting vehicles.
 
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04:32 PM | Permalink